Noida, Oct. 23 -- The Yamuna Expressway Industrial Development Authority (YEIDA) region could see an investment of Rs 3,491 crore by automotive components manufacturer Samvardhana Motherson International Limited (SAMIL) in a greenfield project in Uttar Pradesh. The project is expected to generate 15,000 to 20,000 jobs over five years.
The proposed facility will manufacture automotive components, including wiring harnesses, insulated wires, rear-view mirrors, lighting systems, cutting tools and aerospace components.
It will also house injection moulding, advanced tooling and exhaust systems.
According to the company's project note, the facility will integrate design support, precision tooling, component production, assembly and testing infrastructure to improve operational efficiency and manufacturing capabilities.
The planned expenditure includes Rs 183 crore for land, Rs 997 crore for buildings, Rs 1,928 crore for plant and machinery, and Rs 383 crore for utilities and supporting infrastructure.
The investment will be funded through the company's internal accruals.
Published by HT Digital Content Services with permission from Millennium Post.